Moody's: Walmart and Best Buy lead the brick & mortar online battle as Amazon ups stakes

New York, September 15, 2016 -- Brick-and-mortar retailers such as Walmart and Best Buy are not only surviving online, but are actually thriving, due to their sizable physical assets and riding the online wave started by Amazon, Moody's Investors Service says in a new report. But even as these same retailers have made notable progress in bridging the gap between physical stores and online through consumer-friendly options such as the buy online/pick-up in-store offering, work lies ahead to increase their online relevance. Walmart and Best Buy are striving to build meaningful online businesses and battle to be in the conversation with Amazon.

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